Criteria A-Z

As we manually underwrite our mortgages we're much more flexible with our criteria than most. Using our common sense approach (and our ears!) means we can cater for a wide spectrum of solutions for your clients, no matter their circumstances.

Browse criteria by A-Z below or search criteria by keyword to find what you need.

Take a look at what we have to offer
Buy to Let Criteria
Telecommunications Adverse Ignored

Our standard acceptability

No

Criteria definition:

Indicates if we can potentially ignore telecommunications adverse credit on Buy to Let applications.

Our policy notes:

Family Building Society will not ignore telecommunications adverse.

Last updated:

07 November 2019

Tenants: Asylum Seekers

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider applications from borrowers that wish to Let the property to an Asylum Seeker.

Our policy notes:

Family Building Society will not consider applications where the property will be let to an Asylum seeker

Last updated:

07 November 2019

Tenants: Corporate Lets/Company Lets

Our standard acceptability

Acceptable

Criteria definition:

Indicates if a lender can potentially consider applications from borrowers that wish to Let the property on a Corporate Let or Company Let

Our policy notes:

Family Building Society will consider properties that are to be Let on a Corporate/Company Let basis.

Last updated:

31 May 2018

Tenants: DSS/Housing Benefit

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a lender can potentially consider applications from borrowers that wish to Let the property to DSS/Housing Benefit tenants

Our policy notes:

Family Building Society does not accept DSS/Housing benefit tenants.

Last updated:

22 May 2018

Tenants: Holiday Lets

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a lender can potentially consider applications from borrowers that wish to Let the property on a Holiday Let basis.

Our policy notes:

Family Building Society will not consider 'Holiday Lets' on a Buy to Let basis.

Last updated:

22 May 2018

Tenants: Housing Association Lets

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a lender can potentially consider applications from borrowers that wish to Let the property to Housing Association tenants.

Our policy notes:

Family Building Society does not accept Housing Association tenants.

Last updated:

22 May 2018

Tenants: Letting whole property via AirBnB

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a lender can potentially consider applications from borrowers that wish to Let the entire property via services such as AirBnB and similar.

Our policy notes:

Family Building Society does not lend on properties that are intended to be Let as a 'Holiday Let'

Last updated:

31 January 2018

Tenants: Multiple Tenancies

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider applications from borrowers that wish to have multiple tenancies on a Buy to Let property.

Our policy notes:

Family Building Society will not consider a Buy to Let application with multiple tenancies

Last updated:

07 November 2019

Tenants: Protected Tenancies

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider applications from borrowers that wish to Let the property to a tenant who is benefiting from a protected tenancy.

Our policy notes:

Family Building Society will not consider applications where the tenant enjoys a 'Protected Tenancy'.

Last updated:

07 November 2019

Tenants: Serviced Properties

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially accept Buy to Let applications on properties that are considered 'Serviced Properties'. These are typically furnished properties that are Let on a short term basis and the rent covers all amenities including the rent.

Our policy notes:

Family Building Society will not consider applications where the property will be Let as a 'Serviced Property'.

Last updated:

07 November 2019

Tenants: Student Lets?

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if a lender can potentially consider applications from borrowers that wish to Let the property to students

Our policy notes:

Family Building Society does not allow applicants to Let their Buy to Let property to Students.

Last updated:

22 May 2018

Tenants: Third Party/Company (where the third party/company is Sub-Letting the property)

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can potentially consider Buy to Let applications where the tenant will be (or is) a third party who pays a rent to the applicant and acts as the primary tenant but Sub-Lets the property. This is sometimes referred to as 'Rent to Rent'.

Our policy notes:

Family Building Society will not consider applications where the property will be Let to a third party who will in turn Sublet the property.

Last updated:

07 November 2019

Transitional Arrangements Offered

Our standard acceptability

No

Criteria definition:

Indicates if we can potentially offer Buy to Let mortgages on a transitional arrangement as defined by the FCA under MCOB 11.8

Our policy notes:

Family Building Society does not offer Buy to Let mortgages on a transitional arrangement basis.

Last updated:

07 November 2019

Affordability Calculator

Find out how much your residential client may be able to borrow. To see affordability for a Buy to Let client, use our Buy to Let calculator

Find Your Local

Business Development Manager

Your Local BDM:

Arif Kara

Arif was previously a mortgage adviser, and focuses on North and West London. Contact Arif for help with your clients' mortgages.
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Your Local BDM:

Michelle Parry-Bunter

Michelle has worked for the Society for over a decade and focuses on the South Coast. Contact Michelle for help with your clients' mortgages.
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Your Local BDM:

Nathan Waller

Nathan, previously a mortgage broker, focuses on Cambridgeshire, East Sussex, Essex, Suffolk, Hertfordshire, Bedfordshire, Lincolnshire, Norfolk and Kent. Contact Nathan for help with your clients' mortgages.
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Your Local BDM:

Grace Bennett

Grace focuses around the West M25 area. Contact Grace for help with your clients' mortgages.
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Your Local BDM:

Darren Deacon

Darren has over 28 years' Financial Services experience and focuses on both the East & West Midlands as well as the Southwest. Contact Darren for help with your clients' mortgages.
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Your Local BDM:

Paul Roberts

Paul has over 30 years' experience and focuses on the North (inc. M62 corridor), Yorkshire & North East. Contact Paul for help with your clients' mortgages.
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